On the last post, Real Property Management West Valley Phoenix, looked at rent prices in the Phoenix area and selected West Valley cities.
This week Real Property Management West Valley Phoenix will look at the same data but show it a bit differently with line charts that re-emphasize the increase in rental price. These charts will show a graphical picture of the data and rent price increase from 2013-2017 for the following cities.
Surprise (SUR) – rent price increase of 28%
Phoenix (PHX) – rent price increase of 25%
Peoria (PEO) - rent price increase of 19%
Avondale (AVD)- rent price increase of 22%
Buckeye (BUK)- rent price increase of 35%
These are large increases when compared with the Consumer Price Index which rose 7% from 2013-2107.
Keep in mind, the rental property data that Real Property Management West Valley Phoenix uses this comparison is at for closed, unfurnished rental properties and is taken from the Arizona MLS.